Plasma founder: Team members have not sold any XPL, among whom 3 have previously worked at Blur/Blast
Oct 02, 2025 09:11:47
Share to

ChainCatcher news, Plasma founder and CEO Paul Faecks stated on social media that there have been some rumors since the launch of XPL, and he hopes to clarify the facts:
- No team member has ever sold XPL. All investors and team members' XPL is locked for 3 years, with a 1-year cliff unlock period.
- Among the approximately 50-person team, 3 members have previously worked at Blur or Blast, and team members also come from Google, Facebook, Square, Temasek, Goldman Sachs, and Nuvei. To refer to the Plasma team as "ex-Blast" is equivalent to saying "ex" from any of the aforementioned companies.
- Plasma has not hired Wintermute as a market maker and has never signed any service contract with them. The information regarding Wintermute holding XPL is consistent with what Plasma and the public are aware of.
Related Projects
Latest News
Data: Arthur Hayes increased his holdings of 4.86 million ENA and 697,851 ETHFI
ChainCatcher
Dec 31, 2025 17:12:42
The South Korean FIU fined Korbit approximately $1.88 million and issued an "institutional warning."
ChainCatcher
Dec 31, 2025 17:09:48
ElizaOS Founder: The threat of quantum computing to Bitcoin is nonsense, and speculators know nothing
ChainCatcher
Dec 31, 2025 16:43:49
Data: ETH total network contract open interest decreased by 5.48% in 24 hours
ChainCatcher
Dec 31, 2025 16:42:07
Data: BTC total network contract open interest decreased by 5.19% in 24 hours
ChainCatcher
Dec 31, 2025 16:42:05












